Finance -

Oracle begins cutting jobs, 3,000 may face the axe in India taking workforce to 27,000; routine Indian IT sector roles face pressure even as GCC hiring is set to grow 9-10%

TazaPulseSeptember 16, 2026

The latest Oracle cuts come against the backdrop of similar workforce reductions Oracle has reportedly started another round of job cuts globally, with industry experts tracking the company estimating that around 10% of its India workforce, or roughly 3,000 employees, could be affected.The company had already eliminated 21,000 jobs earlier this year, including around 12,000...

Rooftop solar market has potential to reach 132 GW by 2030: ISMA

TazaPulseSeptember 16, 2026

ISMA has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity NEW DELHI: Indian Solar Manufacturers Association (ISMA) has projected that India’s rooftop solar market has the potential to scale to 132 GW from the current 17 GW installed capacity, with an annual...

UPI charges from October 15: 0.4% MDR on payments above Rs 2,000, but flat Rs 5 fee for railway tickets, fuel, insurance and utilities; sending money to friends, family, Autopay for OTT stays free

TazaPulseSeptember 16, 2026

The MDR will have to be borne by merchants. Larger retailers, online platforms and restaurants, among others, may choose to absorb the cost. The National Payments Corporation of India (NPCI) on Tuesday announced a 0.4% merchant discount rate (MDR) on UPI transactions above Rs 2,000, subject to an overall cap of Rs 300. For utility...

Stock Market Live Updates Today: BSE Sensex jumps over 350 points, Nifty50 trades above 23,200

TazaPulseSeptember 16, 2026

Benchmark Sensex tanked 778 points while the broader stock index Nifty closed at a five-month low on Tuesday amid surging oil prices, geopolitical tensions and weak trends in global markets. The 30-share BSE Sensex tumbled 777.94 points, or 1.04 per cent, to settle at a three-month low of 74,003.82, dragged by losses in blue-chip banking,...

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China’s AI leaders keep quiet despite U.S. ‘publicity’ on tech risks

TazaPulseSeptember 16, 2026

Humanoid robots compete in the 100-meter race during the 2nd World Humanoid Robot Games at the National Speed Skating Oval in Beijing on August 25, 2026. Wang Zhao | Afp | Getty Images BEIJING — While frontier U.S. labs have sounded the alarm on artificial intelligence in recent high-profile speeches, Chinese companies have largely kept...

1,500 India staff likely hit in another round of Oracle layoff

TazaPulseSeptember 16, 2026

Bengaluru: Oracle began a fresh round of layoffs in India on Monday, affecting several mid- to senior-level employees in web development and maintenance, people familiar with the matter said. Some sources estimated that 1,000-1,500 employees in India could be affected, though TOI could not independently verify the figure. An email sent to Oracle did not...

At 26%, exports grow fastest in over 4 years

TazaPulseSeptember 16, 2026

New Delhi: Goods exports jumped over 26% to $43.8 billion, the fastest pace of expansion since June 2022, due to a surge in electronics, engineering goods and petroleum products, while lower gold shipments helped moderate import growth to 14%, and narrow the trade deficit to $26.9 billion, a five-month low.Latest data released by the commerce...

PV dispatches up 37% ahead of festivals

TazaPulseSeptember 16, 2026

New Delhi: Auto industry entered the festive season with dealers receiving more cars and scooters than in any previous Aug. Whether buyers match that pace at showrooms is the next test.Passenger-vehicle dispatches rose 36.5% year-on-year to 4,39,309 units, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Tuesday. But the increase...

Hear us first if Tata Sons files any plea: RBI caveat in HC

TazaPulseSeptember 16, 2026

MUMBAI: Anticipating a legal showdown with Tata Sons, Reserve Bank of India has lodged a caveat in Bombay high court after rejecting its application for deregistration as a core investment company, a status that would have exempted it from a stock market listing. The central bank has asked to be heard before any order is...

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Stocks making the biggest moves midday: SWKS, AXON, PLAY, RVTY

TazaPulseSeptember 15, 2026

Check out the companies making the biggest moves midday: Skyworks Solutions , Qorvo — The chipmakers’ stocks popped, recovering from a sell-off in the previous session driven by safety concerns around artificial trade. Shares of Skyworks traded 10% higher, while shares of Qorvo advanced 7%. Axon Enterprise — Shares slid 9% after the Taser manufacturer...